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Certified funds. Certified funds are a form of payment that is guaranteed to clear or settle by a bank or other financial institution certifying the funds. [1] [2] The term is most commonly used in North America in the context of real estate transactions . When making certain types of transactions, such as purchasing real property, motor ...
Payment cards are part of a payment system issued by financial institutions, such as a bank, to a customer that enables its owner (the cardholder) to access the funds in the customer's designated bank accounts, or through a credit account and make payments by electronic transfer with a payment terminal and access automated teller machines (ATMs ...
By early 2023, “there weren’t many, if any, paying tenants,” squatters were moving in and out of various apartments and utility providers had turned off water and electric service for non ...
Rental agreement. A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. [1] As a minimum, the agreement identifies the parties, the property, the term of the ...
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Arrears. In finance, arrears (or arrearage) is a legal term for the part of a debt that is overdue after missing one or more required payments. [1] The amount of the arrears is the amount accrued from the date on which the first missed payment was due. The term is usually used in relation with periodically-recurring payments such as rent, bills ...
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